|Deal value:||Not disclosed|
Royal Greenland has divested its sales subsidiaries in France and Germany to a company owned by Sahara Investment Group Private Limited and Meridian Investment Group Pte. Ltd.
The transaction will ensure that the fish processing activities in Wilhelmshaven, which has been divested to the same group of investors, and the remaining Royal Greenland business activities in Europe will be able to maintain continuity in customer service.
Royal Greenland meets the needs of the modern consumer by combining a unique history and high standards of quality with the finest seafood from Greenland and around the world. With a broad product range, Royal Greenland offers a delivery of seafood and convenience products to both retail trade and the food service industry. Royal Greenland is the world’s largest supplier of cold water prawns and Greenland Halibut and among the top ten seafood producers in Europe. Royal Greenland generated revenues of DKK 5.0bn and profits after tax of 136 million in 2011/12.
FIH Partners has acted as exclusive financial advisor to Royal Greenland in a private process.